Ivanhoe Electric Inc (IE)

Ivanhoe Electric Inc. (IE) saw a 12.28% drop, falling to $13.50. The decline follows the pricing of the company's public offering of 11,851,852 common shares at $13.50 per share.

https://finance.yahoo.com/news/ivanhoe-electric-announces-pricing-upsizing-062500360.html

IE's stock fell 8.30% due to its financial report. The company's return on average invested assets (ROI) decreased to 77.55% in the first quarter of 2023, down from 76.1% in the previous quarter. This decline is largely due to a decrease in net income, which should send warning signals to those considering investing in this company. The declining ROI, limited revenue, and reduced net income all suggest that this company is struggling to compete in its industry and generate sufficient profits to support its operations.

https://csimarket.com/stocks/news.php?code=IE&date=2023-05-16182502